Farm Startup Cost Comparison

Aurora, IL vs Los Angeles, CA

Aurora, IL

$42,000 - $482,000

COL Index: 96

VS

Los Angeles, CA

$62,000 - $869,000

COL Index: 166.5

Detailed Cost Comparison

Expense Aurora, IL Los Angeles, CA Difference
Business Registration & Licenses
$800 - $4,500 $4,000 - $14,400 -71%
Land Purchase or Lease
$4,600 - $182,600 $12,500 - $500,000 -63%
Farm Equipment & Machinery
$15,000 - $120,000 $15,000 - $120,000 Same
Seeds, Plants, or Livestock
$2,000 - $30,000 $2,000 - $30,000 Same
Structures & Fencing
$4,800 - $57,000 $6,800 - $81,000 -30%
Irrigation System
$3,000 - $30,000 $3,000 - $30,000 Same
Farm Insurance (Annual)
$2,000 - $10,000 $2,000 - $10,000 Same
Working Capital (6 Months)
$9,600 - $48,000 $16,700 - $83,300 -42%
Total Estimated Cost $42,000 - $482,000 $62,000 - $869,000 -44%

Local Market Factors

Factor Aurora Los Angeles
Cost of Living Index 96 166.5
Commercial Rent ($/sqft/yr) $14 - $28 $30 - $85
Labor Rate Index 0.95 1.35
Sales Tax 8% 9.5%
Minimum Wage $14.00/hr $16.78/hr
LLC Filing Fee $150 $70

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